English | دری

Local investors to receive tax benefits: Afghan Commerce Minister

in Afghan Business

Local investors to receive tax benefits: Afghan Commerce Minister

ahadiCommerce and Industries Ministries Anwarul Haq Ahadi announced Tuesday that tax benefits to local investors would increase post-2014.

He added a 10% reduction in taxes would be granted to those who invest in factory making in Afghanistan in the next two years.

According to Minister Ahadi, the local investors would also receive free lands.

Minister Ahadi made these announcements at the 2nd exhibition of Afghan industrial products held in Herat city by the Afghanistan Investment Support Agency (AISA).

“We want to make investment in Afghanistan more attractive. We believe this program would address some of the concerns regarding the country’s economic situation after the withdrawal of foreign forces in 2014.”

This comes as many industrialists in Herat have accused the government of its negligence towards promoting investment in Afghanistan.

According to the industrialists, more than hundred industries have shut down in Herat due to lack of support from the government.

They cited lack of proper policies and presence of corruption as the main reasons for the lower investment level in Afghanistan.

Related Articles

Afghan government to build 20 more dams

The Ministry of Energy and Water (MoEW) plans to build at least 20 large and medium-sized dams in the country

Winners of the 2013 Aga Khan Awards for Architecture announced

His Excellency AníbalCavaco Silva, President of the Portuguese Republic, and His Highness the Aga Khan presented the Aga Khan Awards

Afghan parliament approves draft budget for 1396 fiscal year

The Lower House of the Parliament, Wolesi Jirga, approved the draft budget for the fiscal year 1396 on Monday. The

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*